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MSG Networks

2 Penn Plaza, New York, NY, 10121, United States

Overview

MSG Networks Inc., a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks and a companion streaming service that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Media and Entertainment
  • Sports
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Investment portfolio

  • Overtime

    Participated · Series B · Feb 2019

    Overtime is a NYC-based company that builds new sports leagues aimed at the next generation of sports fans and athletes and operates digital-first brands OTE (basketball) and OT7 (football). It leverages short- and long-form digital content across basketball, football, soccer, gaming and sneakers to engage a community of over 65 million followers. Its content receives more than 2 billion video views each month. The company monetizes through sponsorships, brand relationships, e-commerce, licensing and media rights. It intends to use the funds to grow OTE and OT7, create new sports leagues, expand e-commerce and web3 verticals, and continue investing in content. Overtime is led by CEO and co-founder Dan Porter and President and co-founder Zack Weiner, and has raised more than $250m in total funding. Overtime is a New York–based digital sports network that produces short-form action videos—primarily featuring high-school athletes—for distribution on social platforms. Its content is distributed across Snapchat, YouTube, Facebook and other social outlets. The company also sells branded apparel. Overtime's videos are viewed more than 1 billion times a month. Co‑founders Dan Porter and Zachary Weiner say they are developing new ways to engage and entertain the next generation of athletes and fans. Since inception the company has raised capital to scale its content and distribution efforts. Overtime is a NYC-based sports network that produces short-form and longer-form video content for younger sports fans across platforms like Snapchat and YouTube. The company uses technology, new platforms, and new formats to deliver highlights, 20-minute episodes, and longer-form series covering sports, lifestyle, and music. It operates a platform for young storytellers who film, produce, and edit content full-time, with a youthful point of view informing the programming. Led by CEO Dan Porter, Overtime plans to use the new funding to invest in content production, build out the team, and pursue international expansion into Europe, Asia and Africa. The company has over 55 employees in New York City. Financially, Overtime raised $23M in a Series B, bringing total funding to date to more than $35M. Overtime creates digital-first sports content tailored to younger viewers, focusing on storytelling around rising high-school and college athletes. Its videos appear across multiple platforms (notably YouTube) and the company has app features that let users follow specific players. Overtime emphasizes a platform-agnostic distribution strategy and has two programming deals with Comcast and NBC. The startup combines user-generated clips, curated highlights, and editorial storytelling to reduce traditional television production costs. Many Overtime videos rack up hundreds of thousands of views and the company reports that 95% of its views occur on mobile devices. It recently raised $9.5 million to fund growth and community-building for a next-generation sports network aimed at young fans.

Team

  • Charles F. Dolan

    Founder